Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
Zscaler Stock Up 0.9 %
NASDAQ:ZS traded up $1.43 during trading hours on Friday, reaching $163.42. 1,632,836 shares of the company were exchanged, compared to its average volume of 1,962,440. Zscaler has a 1-year low of $125.12 and a 1-year high of $376.11. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average of $155.54 and a 200 day moving average of $196.38.
Zscaler (NASDAQ:ZS - Get Rating) last released its earnings results on Thursday, May 26th. The company reported ($0.61) earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.02. Zscaler had a negative return on equity of 58.37% and a negative net margin of 38.52%. The firm had revenue of $286.81 million during the quarter, compared to analysts' expectations of $271.47 million. During the same period in the prior year, the company earned ($0.30) earnings per share. The company's quarterly revenue was up 62.6% on a year-over-year basis. On average, equities research analysts anticipate that Zscaler will post -2.31 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently commented on the company. Robert W. Baird dropped their price objective on Zscaler from $300.00 to $200.00 and set an "outperform" rating on the stock in a research note on Friday, May 27th. Truist Financial dropped their price target on Zscaler from $275.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, July 26th. UBS Group dropped their price target on Zscaler from $325.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, May 27th. Cowen dropped their price target on Zscaler from $405.00 to $194.00 and set an "outperform" rating on the stock in a research note on Friday, May 27th. Finally, Piper Sandler dropped their price target on Zscaler from $260.00 to $160.00 in a research note on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $246.65.
Insiders Place Their Bets
In other news, insider Robert Schlossman sold 239 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total value of $35,850.00. Following the completion of the transaction, the insider now directly owns 112,622 shares in the company, valued at approximately $16,893,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Remo Canessa sold 5,010 shares of the stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total value of $684,716.70. Following the completion of the transaction, the chief financial officer now directly owns 262,388 shares in the company, valued at approximately $35,860,567.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Schlossman sold 239 shares of the stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $150.00, for a total value of $35,850.00. Following the completion of the transaction, the insider now owns 112,622 shares of the company's stock, valued at $16,893,300. The disclosure for this sale can be found here. Insiders sold 49,710 shares of company stock worth $7,275,302 over the last three months. Insiders own 20.30% of the company's stock.
